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-October 30, 1938
Legally Binding Contract
An agreement between two or more parties that is enforceable by law, usually requiring an offer, acceptance, and consideration.
Disaffirmance
The legal cancellation or voiding of a contract or agreement, often due to one party's lack of capacity or discovery of a significant mistake.
Consideration
Something of value given by both parties to a contract that induces them to enter into the agreement.
Restitution
An act of restoring or paying compensation for loss or damage to the original state or owner.
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